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Citigroup (NYSE:C) tested the $3.13-$3.15 support area on Tuesday and so far it held. Wednesday could be a different story however. If Citigroup breaks down through $3.13 the next major support level would be $3.07 and then $3.00. I plan to buy the stock as soon as it closes back above the 10 day moving average located at $3.39.

The Dow Jones Industrial Average closed at 10194 on 1/26/10, as the stock market rallied for the second straight day but fell apart and turned red going into the close. This action is typical in a stock market that really wants to go lower. The Dow Jones continues to hover around support which is located at 10,200. A break away from this level with heavy volume could trigger a new leg down in the stock market. The next major support level for the Dow Jones is located at 10,000. The S&P 500 has major support between 1080-1085.

Elliot Wave Theorist Robert Prechter was on CNBC this afternoon predicting this is the last chance to sell the Dow Jones above 10,000 for awhile. He predicts that Gold will fall 40% from It's peak and the stock market to bottom a few years from now.

The financials continue to be weak and drag the stock market lower. GS is testing $150 and C is testing major support between $3.13-$3.15. If Citi closes below $3.13, it could get real ugly.

Tuesday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for January 27, 2010. Also, check out some of the biggest stock gainers of the Day. You can also find previous stocks to buy reports - Right Here

Conexant Systems Inc. (CNXT) - Shares of Conexant Systems Inc. continue to climb and the stock is now at a new 52 week high. A close above $4.50 would be viewed as bullish. I like pullbacks below $3.80.

Dearborn Bancorp Inc. (DEAR) - Shares of Dearborn Bancorp Inc. were on fire again following up from last weeks move higher. Resistance is located at $2.38 & $2.50. The volume is decent but expect it to pick up if it breaks $2.38.

Pacific Ethanol, Inc. (PEIX) - Pacific Ethanol was up around 3-4% on Tuesday. This is a stock that if the volume comes back on the upside, we could see another major move. I plan to buy PEIX on a break above $2.30 and add more on a break above $2.65.

SIRIUS XM Radio Inc. (SIRI) - SIRI broke back up above $0.70 again on Tuesday and could be setting up to test $0.75 again. I would be buying SIRI on another correction below $0.70. A break out will occur if SIRI can break to a new 52 week high located at $0.78.

NexMed Inc. (NEXM) - NexMed Inc. failed at $0.70 Tuesday but is a stock worth watching. Resistance is located at $0.70 & $0.78.

Research In Motion Ltd. (RIMM) - RIMM broke up through It's high of the day on Tuesday on some decent volume. I am long this stock and will add more below $60 if I get the opportunity. On the upside, there is some heavy resistance located between $63.50-$64.

Goldman Sachs Group Inc. (GS) - Shares of Goldman Sachs Group continue to hold $150 and appear to be forming a bottom right now. A break below $150 would be very bearish but a break above $160 would be bullish and I plan to buy.

Green Mountain Coffee Roasters Inc. (GMCR) - Green Mountain Coffee has stalled out between $79-$81 before earnings on Wednesday night. I am long GMCR and will be holding my stock into earnings. I plan to buy more on any weakness after earnings. The key will be the 2010 earnings guidance.

Cell Therapeutics, Inc. (CTIC) - Watching for a break above $1.24 and then I will buy CTIC again.

Advanced Micro Devices Inc. (AMD) - AMD broke through It's high of the day on Monday & Tuesday. I think the stock is near a bottom but would be selling below $7.50. Long term resistance remains all the way up at $10.04.

DryShips, Inc. (DRYS) - DRYS fell back below $6 Tuesday morning but is now back over this level. Key resistance is located at $6.20. I will be buying the stock on a break above this level.

American Intl Group, Inc. (AIG) - AIG continues to tank after it could not hold $30 weeks ago. The next major support zone is located between $24-$25. AIG has moved up a couple spots on the hot watch list because this stock could rise 10-15% after it hits a bottom. Watch AIG closely!

Bank of America Corp (BAC) - Bank of America Corporation appears to trying to put in a bottom under $15. As of Tuesday afternoon, BAC is trading back over $15. Resistance is still located at $15.27 & $15.52.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS continues to trade in a range between $69-$73. I continue to rate FAS a buy under $70 and a short term sell around $73-$74. Until I am proved wrong, I will continue to execute this trade while saving some dry powder incase it goes lower.

The following is a list of the Most Popular OTC, OTCBB, Pink Sheets Stocks going into January 27, 2010. Topping the list today is Cord Blood America Inc. This list shows you which stocks traders and investors consider " Hot " which makes for great trading. These are the stocks that I will be monitoring today and tomorrow for daytrading opportunities.

This list is my favorite way to track potential breakout OTC stocks and is not produced anywhere else! It takes into account percentage gainers or losers, volume, and how active the stock has been lately. The higher the rank, the closer I am watching. Check out my Previous Reports

January 26 , 2010 - Below is a list of the Top 15 biggest losing stocks today that have decent volume. These stocks are usually going down on bad news. I usually throw these on my watch list and monitor them for a bounce or a potential short trade.

Today, January 26, 2010, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out some of today's biggest gainers and the Top Stocks for 2010. You can find my Past, Current, and Future Stock Gainers Report Right Here

Today, 1/26/10, there are a few penny stock gainers breaking out to the upside. Be sure to check out the Top 2010 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX. We also list OTC and Pink Sheets stock gainers below. You can find ALL Penny Stock Reports Here

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